Microsoft Corporation (MSFT) : Muhlenkamp Co Inc reduced its stake in Microsoft Corporation by 0.48% during the most recent quarter end. The investment management company now holds a total of 235,538 shares of Microsoft Corporation which is valued at $13,675,336 after selling 1,125 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Microsoft Corporation makes up approximately 5.13% of Muhlenkamp Co Inc’s portfolio.
Other Hedge Funds, Including , Penserra Capital Management boosted its stake in MSFT in the latest quarter, The investment management firm added 118 additional shares and now holds a total of 788 shares of Microsoft Corporation which is valued at $45,940. Microsoft Corporation makes up approx 0.01% of Penserra Capital Management’s portfolio.Signaturefd reduced its stake in MSFT by selling 839 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 25,526 shares of MSFT which is valued at $1,446,814. Microsoft Corporation makes up approx 0.21% of Signaturefd’s portfolio.Miller Howard Investments Inc Ny reduced its stake in MSFT by selling 92,964 shares or 5.45% in the most recent quarter. The Hedge Fund company now holds 1,611,421 shares of MSFT which is valued at $91,158,086. Microsoft Corporation makes up approx 1.59% of Miller Howard Investments Inc Ny’s portfolio.Contravisory Investment Management boosted its stake in MSFT in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 96 shares of Microsoft Corporation which is valued at $5,137.Cornerstone Investment Partners reduced its stake in MSFT by selling 136,810 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 2,598,346 shares of MSFT which is valued at $139,037,494. Microsoft Corporation makes up approx 4.68% of Cornerstone Investment Partners’s portfolio.
Microsoft Corporation opened for trading at $57.54 and hit $57.68 on the upside on Wednesday, eventually ending the session at $57.56, with a gain of 0.21% or 0.12 points. The heightened volatility saw the trading volume jump to 1,88,56,423 shares. Company has a market cap of $448,537 M.
On the company’s financial health, Microsoft Corporation reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.58. The company had revenue of $22642.00 million for the quarter, compared to analysts expectations of $22137.35 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on Microsoft Corporation. Company shares were Reiterated by FBN Securities on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by BMO Capital Markets on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $57 .
Microsoft Corporation is engaged in developing licensing and supporting a range of software products and services. The Company also designs and sells hardware and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing D&C Hardware D&C Other Commercial Licensing and Commercial Other. The Companys products include operating systems for computing devices servers phones and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.